Binary Options Trading Catches on in Japan

BinaryOptionsNow | Published on December 12, 2011 at 3:35 pm

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BinaryOptionsNow – Japan is already forex crazy, home to more traders in the currency markets than any other Asian country. It was only a matter of time before the country got bit by the binary trading bug as well, and now it seems that it has.

SpotOption has just announced that they are opening another office in Tokyo, Japan to better serve the growing binary option trading demand in that country. SpotOption has had amazing successes in Asia, with Japan being the largest and fastest growing market for its platform.

Currently, Tokyo contains the third largest forex exchange in the world, and the top exchange in Asia. It also is home to some of the world’s most rabid forex traders, many of which have been itching to try out binary option trading.

The move allows SpotOption to better serve Japanese and other Asian operators who want to use the platform to open their own binary option business. The move will give Japanese binary traders more options and better responses to their questions.

SpotOption is a platform that many binary option brokers use to power their platform. Currently, there are close to sixty different binary brokers using the platform, making it one of the most popular platforms for trading binary options. The reliable, clean platform allows anyone to get started trading quickly and easily.

In conjunction with the opening of its new offices in Japan, SpotOption also announced their first Japanese focused binary option broker, SmartOption.

SmartOption has much in common with other brokers that use the SpotOption platform, but they have some noticeable differences that allow them to be able to better serve the Japanese market.

First, the minimum deposit amount is the lowest that you are likely to find with any binary option broker. For just $5 or 500 yen you can setup your account and get started trading. The minimum deposit allows traders of all income levels to get started in the binary options market.

SmartOption allows you to trade the normal high/low and one touch options that nearly all platforms allow you to trade. However, they also have a unique trade that expires in just sixty seconds that you can place your money in. With sixty second trades, you can make a solid return in just one minute. As with all binary option platforms, you can trade stocks, currencies, indices, and commodities.

Trading is also incredibly easy with the platform. Each asset will have a bar that shows what other traders are trading, the graph of the price of the asset, and an up or down button that will let you pick which direction you think the price will be moving in. There is also now a new and innovative Pro Trader features that lets you trade real time with a larger chart in the screen.

With the opening of the SpotOption offices in Japan, the binary options market for Japanese traders is set to explode. Traders can look forward to better service, more options, and even possibly better deposit bonuses as the platforms compete with each other.

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